2,795 Shares in United Parcel Service, Inc. (NYSE:UPS) Acquired by Phillips Wealth Planners LLC

Phillips Wealth Planners LLC bought a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,795 shares of the transportation company's stock, valued at approximately $307,000.

A number of other institutional investors also recently made changes to their positions in UPS. IMG Wealth Management Inc. acquired a new position in shares of United Parcel Service in the 4th quarter valued at approximately $25,000. Generali Investments Management Co LLC acquired a new position in shares of United Parcel Service in the 4th quarter valued at approximately $26,000. Pinney & Scofield Inc. acquired a new position in shares of United Parcel Service in the 4th quarter valued at approximately $27,000. Fourth Dimension Wealth LLC acquired a new position in shares of United Parcel Service in the 4th quarter valued at approximately $28,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of United Parcel Service in the 4th quarter valued at approximately $30,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UPS has been the topic of a number of recent analyst reports. Wolfe Research cut their target price on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Truist Financial dropped their price target on United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. HSBC lowered United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price target on the stock. in a research report on Thursday, May 1st. JPMorgan Chase & Co. lowered their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Finally, Oppenheimer lowered their price objective on shares of United Parcel Service from $126.00 to $114.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $120.26.

United Parcel Service Trading Down 1.1%

NYSE:UPS opened at $99.50 on Thursday. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15. The stock has a market cap of $84.26 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 1.77 and a beta of 1.22. The business has a fifty day moving average of $98.00 and a 200-day moving average of $111.09. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The company had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. During the same quarter in the prior year, the business posted $1.43 earnings per share. The company's revenue for the quarter was down .9% compared to the same quarter last year. Equities analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.59%. United Parcel Service's payout ratio is 95.63%.

United Parcel Service Company Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.

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